S.2 Entrepreneurship, Term 3
Money and Financial Institutions
What you will learn
S.2 · Entrepreneurship · Term 3
Money and Financial Institutions
Competency
The learner appreciates the importance of money and financial institutions in conducting business.
| No. | The learner should | Type |
|---|---|---|
| 1 | Understand the meaning of a central bank Understanding | Understanding |
| 2 | Know the functions of the central bank Knowledge | Knowledge |
| 3 | Know commercial banks Understanding | Understanding |
| 4 | Understand the role of commercial banks Understanding | Understanding |
| 5 | Distinguish between different types of bank accounts UnderstandingSkillsGeneric skills | UnderstandingSkillsGeneric skills |
| 6 | Know features of different accounts and the difference between investment and savings Understanding | Understanding |
| 7 | Use a cheque, for cash deposit and cash withdrawal UnderstandingSkills | UnderstandingSkills |
| 8 | Know the procedure for opening a bank account Knowledge | Knowledge |
| 9 | Understand the meaning of microfinance institutions Understanding | Understanding |
| 10 | Know the types of microfinance institutions Understanding | Understanding |
| 11 | Understand electronic banking Knowledge | Knowledge |
| 12 | Identify electronic banking products Knowledge | Knowledge |
| 13 | Know the benefits and challenges of e-banking UnderstandingGeneric skills | UnderstandingGeneric skills |
What do the labels mean?
Each learning outcome is tagged with what it builds: Knowledge (facts you can recall), Understanding (explaining why), Skills (things you can do), Values & attitudes, and Generic skills such as communication and critical thinking.
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